Brent oil price fluctuates around 56.40 level since morning keeping its stability above the EMA50, thus, no change on the bullish trend scenario that depends on the stability above 55.05, waiting to resume the bullish wave that targets 59.88 areas mainly.
Stochastic current negativity might for the price to provide more sideways fluctuation until the price manages to gain enough positive momentum to push trading to resume the rise again.
Expected trading range for today is between 55.05 support and 59.00 resistance.
Expected trend for today: Bullish
Origin: Economies
